WEX Inc. to Acquire Evolution1 for $532.5M cash WEX Inc. announced a definitive agreement to acquire and Evolution1, a leader in cloud-based technology and payment solutions in the healthcare industry, for $532.5M in cash. The deal will be funded through cash on hand and WEX’s existing credit facility. This transaction is expected to generate approximately $42M in present value of tax benefits to WEX and is expected to be accretive to adjusted net income in the first 12 months after close, excluding acquisition costs. The transaction, which has been unanimously approved by the boards of directors of both companies, is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of this year.
News For WEX From The Last 14 Days
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Deutsche Bank to hold a conference Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 9 at 10:30 am; not all company presentations may be webcasted. Webcast Link